Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of drugs targeting neurological disorders. Its structure is valuable in creating compounds that modulate neurotransmitter activity, making it relevant for treating conditions like depression, anxiety, and cognitive impairments. Additionally, it serves as a building block in organic chemistry for the preparation of chiral molecules, which are crucial in asymmetric synthesis. Its application extends to research and development in medicinal chemistry, where it aids in the design of novel therapeutic agents with improved efficacy and selectivity.